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Argentina Inflation to Fall

Argentina Inflation to Fall

Inflation in Argentina will likely end 2016 at 38.6% before falling to 19.3% in 2017, a poll of economists published by the central bank showed, Reuters reported. Latin America’s third-largest economy will likely contract 1.5% in 2016 and grow 3.2% in 2017, according to the median estimate of economists surveyed. The estimates are slightly more modest than those of President Mauricio Macri’s government, which expects inflation at 17% next year and growth of 3.5%. The survey of 54 economists was taken between Aug. 29 and 31.